Foreclosures

Depending on where you look for foreclosures, some homes have sold for 10,000 or more. This is staggering to think the original value of the house was around 90,000 or more. This was a real estate investment.

Maybe I’m wrong; perhaps these zero-cash-down deals do occur (I am not privy to all the universe’s information). But I would wager that they don’t occur nearly as often as the get-rich-quick seminars would have us believe.

Taking advantage of Markets – First, real estate investors in markets that had a large run up in prices in many cases are hurting now that the appreciation is gone. The savvy investors from these markets are looking outside and they are looking for positive cash flow. Many markets in the interior of the US, especially the South, are not only growing markets but have had depressed prices for quite some time. This is a better angle to look at them for example a rust belt city in the Midwest with a declining population and factories closing. Look where the economic growth is, and the prices have been low. Example: Memphis, Dallas, Little Rock, Atlanta, Birmingham, Montgomery, and others.